Traders Sell Amazon.com (AMZN) on Strength (AMZN)

Investors sold shares of Amazon.com, Inc. (NASDAQ:AMZN) on strength during trading hours on Thursday. $743.56 million flowed into the stock on the tick-up and $813.25 million flowed out of the stock on the tick-down, for a money net flow of $69.69 million out of the stock. Of all stocks tracked, Amazon.com had the 16th highest net out-flow for the day. Amazon.com traded up $7.44 for the day and closed at $1,159.79

AMZN has been the subject of several recent research reports. Canaccord Genuity reissued a “buy” rating and issued a $1,200.00 price objective on shares of Amazon.com in a research note on Wednesday, October 11th. Wedbush set a $1,250.00 price objective on shares of Amazon.com and gave the company a “buy” rating in a research note on Monday, October 23rd. Royal Bank Of Canada set a $1,100.00 price target on shares of Amazon.com and gave the stock a “buy” rating in a research note on Monday, September 11th. Morgan Stanley reiterated a “buy” rating and issued a $1,150.00 price target on shares of Amazon.com in a research note on Tuesday, October 10th. Finally, Atlantic Securities reiterated a “buy” rating on shares of Amazon.com in a research note on Friday, October 27th. Four equities research analysts have rated the stock with a hold rating and fifty have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $1,219.02.

The company has a current ratio of 1.03, a quick ratio of 0.74 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $558,540.00, a P/E ratio of 289.74, a P/E/G ratio of 14.30 and a beta of 1.46.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 26th. The e-commerce giant reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.57). Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. The company had revenue of $43.74 billion for the quarter, compared to analyst estimates of $42.26 billion. During the same period in the prior year, the company earned $0.52 EPS. The company’s revenue was up 33.7% compared to the same quarter last year. research analysts anticipate that Amazon.com, Inc. will post 4.24 EPS for the current year.

In other news, VP Shelley Reynolds sold 544 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $1,126.27, for a total transaction of $612,690.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Tom A. Alberg sold 835 shares of the company’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $1,202.74, for a total transaction of $1,004,287.90. Following the transaction, the director now directly owns 17,114 shares of the company’s stock, valued at approximately $20,583,692.36. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 399,538 shares of company stock valued at $441,142,749. Corporate insiders own 17.70% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Amazon.com by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 26,863,386 shares of the e-commerce giant’s stock valued at $26,003,758,000 after buying an additional 764,115 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Amazon.com by 2.4% during the 2nd quarter. BlackRock Inc. now owns 23,925,821 shares of the e-commerce giant’s stock valued at $23,160,193,000 after buying an additional 554,990 shares during the last quarter. State Street Corp boosted its stake in shares of Amazon.com by 1.1% during the 1st quarter. State Street Corp now owns 16,544,538 shares of the e-commerce giant’s stock valued at $14,667,392,000 after buying an additional 186,756 shares during the last quarter. Capital Research Global Investors boosted its stake in shares of Amazon.com by 0.4% during the 2nd quarter. Capital Research Global Investors now owns 10,711,772 shares of the e-commerce giant’s stock valued at $10,368,995,000 after buying an additional 40,068 shares during the last quarter. Finally, TIAA CREF Investment Management LLC boosted its stake in shares of Amazon.com by 1.7% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 2,828,302 shares of the e-commerce giant’s stock valued at $2,737,796,000 after buying an additional 46,800 shares during the last quarter. 59.79% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: “Traders Sell Amazon.com (AMZN) on Strength (AMZN)” was originally reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this article on another website, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The legal version of this article can be accessed at https://www.chaffeybreeze.com/2017/12/07/traders-sell-amazon-com-amzn-on-strength-amzn.html.

About Amazon.com

Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.

Receive News & Ratings for Amazon.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply